Chevron executive says 'people should try to drive less' amid Iran war
Source: The Hill
04/15/26 10:29 AM ET
Chevron executive Andy Walz said that people should try to drive less to offset higher energy prices during the U.S. military operation in Iran. People should drive less. They should try to conserve energy, Walz told CBS News this week. We should be doing that all the time, he continued. Energys essential for peoples lives, but we should conserve it.
Global energy rates have spiked during the Middle East conflict, after Tehran launched retaliatory strikes on U.S. targets and energy infrastructure in the Gulf Region after Operation Epic Fury began on Feb. 28. These attacks effectively halted the flow of ships through the Strait of Hormuz, a major oil transportation corridor. As a result, the price of international benchmark Brent crude oil skyrocketed to $118 at the end of March. The average price of standard gas in the U.S. has also hiked up amid the conflict, exceeding $4 a gallon at the end of last month.
A temporary ceasefire between the U.S., Israel and Iran has somewhat cooled energy markets. However, the Iranian regime has still attempted to exert dominance over the critical waterway by imposing pricey tolls on oil-carrying vessels. President Trump announced a naval blockade on all ships traveling through the strait this week. On Wednesday morning, a barrel of Brent was trading at $95 and U.S.-produced West Texas Intermediate crude oil was trading at just under $99 a barrel. The U.S. average of standard gas prices stood at $4.11 per gallon.
Walz acknowledged during a CBS interview that there is likely no silver bullet to bring back down long-term prices in the U.S. Its a global market for crude, he told the outlet. We have crude here, thats closer to us, that were all processing and using. Thats helping Americans buffer their price.
If this goes on for an extended period of time, its probably gonna get tougher.
Read more: https://thehill.com/policy/energy-environment/5832148-chevron-iran-war-gas-prices/
Meanwhile they are making billions in profits every quarter.
underpants
(196,794 posts)Ive got an idea on conserving energy ..less oil.
SergeStorms
(20,664 posts)Oil prices rise rapidly, but fall slowly. The prices at the pump do exactly the same. In between is where the price gouging goes on, and profits soar for that reason. And don't forget the summer driving additives that always increase gas prices. We've yet to see those at the pumps yet.
HAPPY SUMMER, EVERYONE!
Randomthought
(1,067 posts)Grocery store? Doctor? Dentist?
I need some guidance .
Turbineguy
(40,116 posts)It's the First Law of Thermodynamics. You'd think somebody in the energy business would know that.
Blues Heron
(8,885 posts)Now were supposed to drive less. Got it.
Ocelot II
(130,784 posts)Moostache
(11,224 posts)Seriously, fuck these clowns and their bullshit - from Congress to Thiel to his freakish mini-me Vance...fuck them all.
RockRaven
(19,517 posts)wholly dependent on their product, who have at every turn opposed and stymied with large de facto bribes every attempt to build systems independent of their product. Now they have the fucking audacity to say "uh, have you tried using less, you dumb assholes!?"
Farmer-Rick
(12,713 posts)And oil based energy is to convert to solar and wind.
Now, go promote that you elite corporate capitalist. Tell that to your puppet in the white house.
EarthFirst
(4,176 posts)
and gave them his unsolicited advice on energy conservation?
:crickets:
jls4561
(3,194 posts)Merde-a-Lardo when they go to ask for tax breaks and the roll back of environmental protections?
Im gonna guess that they do.
Will they use less energy by curtailing these self serving activities? Will they pick up the phone and tell Drumph his foreign policy is insane?
Can I place a poly market bet they wont?
FormerOstrich
(2,891 posts)REMOTE - WORK FROM HOME. Oops, no can't do that....must report to the office...vacation less....got it
Nigrum Cattus
(1,341 posts)have they cut back on their profits to lower prices ?
really out of touch
PatrickforB
(15,459 posts)My daughter, and employee of a major national bank, is now REQUIRED to drive to and from the office three out of five days in a work week.
This after PROVING she could successfully work from home and be a high performer for FOUR YEARS.
But nope, some Wall Street greed lizards, and the bank's shareholder primacy CEO, have decreed that they don't want no happy employees who feel empowered. They would much rather have fearful employees who are cowed by management because it makes the morale of the billionaires and Wall Street financiers MUCH better, dontcha know!
So on the one hand we have this particular sociopathic greed head telling us to suck it up and drive less, while at the same time we have other sociopathic greed heads telling us they require 24 of 40 hours be butt time units in an office chair.
Silly workers!
Reminder: GENERAL STRIKE MAY 1. No buying, work or school.
ChicagoTeamster
(1,046 posts)PatrickforB
(15,459 posts)business figures out a way to profit, we don't do much of anything about stuff like this.
I have seen, in my own community, certain attempts to repurpose some of these office buildings. For example, some idealists wanted to retool the office buildings to house the homeless - a good idea on its face, but the problem is that office facilities lack things like full bathrooms in most of the spaces.
It is scary for the landlords of these office buildings, and we are also seeing this in strip malls. There is a strip mall about 1.5 miles from my home that has lost two of three anchor tenants. Those buildings have been vacant for years. This has caused the owner not to be able to adequately care for the parking lot, which has developed some axle-breaking potholes in the asphalt.
What we are seeing here is a situation where communities could rethink the way they are laid out. Maybe take transit-oriented development to the next level. The problem is, with decades of irresponsible tax cuts behind us, no local or state government has the funds to do these public projects any more.
This, coupled with the constant drumbeat of privatize, deregulate and gut government programs, has created some office deserts. These areas are then taken over by squatters, homeless people and drug dealers and become blighted.
Sadly, I have been an economist for two decades and all the policies that I have touted that would help working people - the middle class - at their kitchen tables have gone by the wayside as tax cuts and program cuts of everything but war have starved the public sector of both the money and the will to create and execute outside-the-box planning and economic development strategies.
To my mind, the current state of shareholder primacy 'survival of the fittest' capitalism not only lacks any moral compass, but has failed to help us grapple with the public good in a time with it is becoming urgent for our species to begin living in harmony with the earth, and each other.
Our current economy encourages and rewards sociopathic behavior, and until we solve that issue it may prove difficult to build the kind of strong and cohesive communities we need as the federal government devolves and eventually dissolves, brought down by the weight of corporate corruption and decades of wedge issue propaganda.
I have said before, to much opprobrium on this site, that I feel betrayed by both political parties - and yes, the Democrats are better but the institutionalists, the so-called Third Way Democrats championed by Bill Clinton in the days after the disastrous Reagan decade, have slowly acquiesced to the constant drumbeat of the right-wing propaganda apparatus until people like AOC and Bernie, who would have fit right in with FDR's New Deal, are routinely reported on my corporate media as 'far-left radical.' But they are not. They are talking about things we all need - healthcare, education, childcare, good environmental regulation and pulling the teets of Wall Street.
Now, I'm 67, but the young people I speak to in the course of my work include Gen Z, Millennials and GenX, and they are increasingly ready to tear down the whole thing and start over. A whole bunch of them are now talking 1789 and guillotines. I kid you not. Because they are disgusted.
Consider the recent story about the Amazon employee who dropped dead on the floor and everyone simply kept working around the corpse because no one wanted to fall behind. And the employee who made a video of himself burning down a Kimberly Clark warehouse while repeating, "If only they had paid us a living wage." That cost KMB shareholders and the corporation itself $500 million in damages in the face of a $2.2 billion net profit. And finally we have the lady the Trump administration flew in from Arkansas to do a doordash delivery of Mickey D's to the White House so the Donald could have a photo op. He didn't want a non-white dasher who was an immigrant, apparently.
I mean, our system is rotten to the core, and I think it is a mistake for many in our party to believe that once Trump is gone, they will be able to bring things back to the way they were. Because the way things were did not work for most of the middle class. Biden spent four years telling us how great the economy was - and it was. For Wall Street. For the middle class not so much. I for example, do pretty well, but carried over $10K in HEALTH CARE DEBT during that time. I have younger colleagues who are so buried in student debt they can barely make ends meet and many in Gen Z despair because they work their butts off and can't even pay rent some months.
Wall Street and the billionaires are squeezing too hard, because greed knows no boundaries - it grasps whatever it can whenever it can. Now, Trump has unleashed 65 billionaires and his own family on our treasury, and like locusts, they are stripping it clean and leaving us flapping in the wind.
Will our party, we wonder, have the vision and the grit to build something new, something that works for us all? Or will it just back to the same old Wall Street squeeze?
multigraincracker
(37,780 posts)delisen
(7,387 posts)The oil industry has jumped the shark.
I less than 200 hundred years oil an automotive have not just disgustingly polluted our environment and damaged our health, but have brought our planet to the edge of disaster.
They could have prevented this by going anll-in on diversifying and investing in new technology. Instead they engaged in a massive cover up.
Rebl2
(17,816 posts)will make their wish come true. Oh wait, I dont get out that much anyway and gas companies dont make much off us anyway.
ChicagoTeamster
(1,046 posts)BlueSpot
(1,309 posts)A-Schwarzenegger
(15,821 posts)Chevron is trying their darnedest to be part of the solution
for as long as the earth and everything lasts.
Karasu
(2,017 posts)Want people to drive less? Invest some serious money into public transit.
Oh? Not interested, are we?
Then shut up, you fucking disingenuous corporate ass.
Lithos
(26,643 posts)Cheezoholic
(3,774 posts)Smilo
(2,039 posts)Chevron Corporation (NYSE:CVX) revealed on April 9 that it expects its Q1 upstream earnings to grow by $1.6 billion and $2.2 billion from the previous quarter, driven by the soaring oil prices amid the US-Iran war.
DBoon
(25,049 posts)
BadgerMom
(3,424 posts)Ill make your wish come true. I already have solar panels, a garage charger and an electric car. I plan to rid myself of my other car, a gas-powered car, and to buy a longer range EV to replace it so that I need NONE of your gasoline or oil. Pound sand, you jerk.
vapor2
(4,629 posts)Skittles
(172,088 posts)this elitist asshole needs to go fuck himself
Old Crank
(7,149 posts)That should show solidarity.